In big news for South Africa’s cryptoasset industry, Global Crypto has learnt that AltCoinTrader will be going live with two new features on 31 March 2021:
- The listing of PolkaDot’s native coin DOT.
- The slashing of trading fees from 0.375% down to 0.1%.
The news was confirmed by CEO Richard de Sousa who said that South Africa’s cryptocurrency landscape was becoming far more competitive, and lower fees were absolutely necessary for the current climate.
The flamboyant CEO also announced the provision of ADA on the exchange’s EasySave platform. Users will be able to stake ADA on the exchange and earn 5.08% APY from day one, with the product being made available from 29 March. This is to accompany the interest-earning coins already available on the platform such as BTC, USDT, TRX, ETH, and xZAR (AltCoinTrader’s stable coin).
In addition to these announcements, AltCoinTrader, who recently celebrated their 6th birthday, stated that they will be offering crypto lending products on the exchange. Starting in April, users can lend the likes of Bitcoin, Ethereum, and even their Gold and Silver and earn interest.
We spoke with de Sousa who gave us a full overview of what was coming to the exchange in coming weeks: